Frontal the US and China conflict
If the duties of duties unleashed by Donald Trump indiscriminately, at the expense of both allies and US opponents, in conjunction with constant upheavals of their height and duration, cause intense turmoil and are the cause of the day -to -day concern for the next day. terror.
Quite simply, because everyone knows – and first the « unpredictable » Donald Trump and the « cold » Xi Jing – that there will be essentially the world war that has already erupted and will ultimately determine the form and correlations of the new economic, monetary, monetary and monetary.
This time, after all, neither sides leave room for illusions.
Trump makes it quite clear that his main goal is China, which has announced successive increases in tariffs, seeking determined to continue on the same road.
This is also confirmed by his yesterday’s decision, which further increased to 125% (from 104% in the morning …), while at the same time « frozen » at 10% for most countries and specifically for those who « did not proceed to countermeasures », giving them 90 days to negotiate.
He later clarified that the duties announced for steel, aluminum and cars, as well as at the expense of Mexico and Canada, remain in force. As for Wall Street, it reacted strongly to the new announcements – while the European stock markets had closed earlier in the « deep red ».
And Si proves that, unlike the waiting attitude and reconciliation messages he sent during the first Trump term (1997-20) and under the presidency of Joe Biden (2021-24), this time he will follow the regular « eye instead of eye », also hitting the piss.
« The US threat to escalate duties at the expense of China is a mistake on the mistake, which once again reveals the blackmailing nature of their policy. If the US insists on this road, China will fight to the end, « the Chinese Ministry of Commerce said on Tuesday, before the Beijing Relanns announced 84%-and with a few hours difference from the unprecedented (for the international politician). of him.
For his part, US Finance Minister Scott Bessed made it clear that China is the « biggest threat » to the global trade system. He added – closing the eye to the US allies, including the EU – that if they end up in bilateral trade agreements then they will be able to face China united. « Do not pay back and will be rewarded, » he said shortly after the publication of the new duties against China, indirectly but clearly a message for the formation of a front against the large US competitor.
« This was the president’s intention from the outset, » he said.
On this background, the cube seems to have been thrown and the torrent is difficult, if not impossible, to go back. A cycle is definitely closing in the age of globalization – or capitalist internationalization, according to several economists, since this particular economic model (in its various versions) dominates the whole world – with accounts open to the next. Mostly among the US, which has been the unquestionable ruler in the last three decades and China, which has managed to seize the opportunity and become a superpower.
The ending remains unmistakable, even if some have already begun to make their (anything but optimistic) estimates. « We are heading towards a more fragmented international economy, » Neil Sirring, head of Capital Economics, told the Wall Street Journal. And Michael Froman, chairman of the US International Relations Council and a trading representative for most of Bill Clinton’s presidency, dared one more step. « China has already reshaped the international system. People have adopted Beijing’s Economic Policy Manual, « he wrote in » Foreign Affairs « , essentially anticipating the final winner of this round.
